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Peoria Standard

Saturday, November 23, 2024

Analysis: Peoria pays $4.78 for every $1 pensioners contribute to Peoria Police Pension Fund

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Taxpayers contributed 82.3 percent of the $11,781,314 the Peoria Police Pension Fund brought in 2018, or $4.78 for every $1 from pension members, according to a Peoria Standard analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Peoria contributed $9,696,910 to the fund, which saw a $699,660 increase in revenue over 2017. Members contributed $2,028,099, or 17.2 percent, in 2018. Another $56,305 came from other unspecified sources.

Peoria Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$7,824,303$7,858,832$8,392,780$9,035,019$9,696,91023.9%
Pension members$1,902,305$1,821,130$2,161,968$1,998,259$2,028,0996.6%
Other Revenue$0-$37,063$25,781$48,376$56,305-
Total$9,726,608$9,642,899$10,580,529$11,081,654$11,781,31421.1%

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